Economics News Newswire

Economics News Newswire

Comprehensive Real-Time News Feed for Economics News.

Results 1 - 20 of 44,916 in Economics News

  1. Bitcoin Not Money, Rules Miami Judge In Dismissing Laundering ChargesRead the original story w/Photo

    8 min ago | Slashdot

    An anonymous reader quotes a report from Miami Herald: Bitcoin does not actually qualify as money , a Miami-Dade judge ruled Monday in throwing out criminal charges against a Miami Beach man charged with illegally selling the virtual currency . The defendant, Michell Espinoza, was charged with illegally selling and laundering $1,500 worth of Bitcoins to undercover detectives who told him they wanted to use the money to buy stolen credit-card numbers.


  2. Clintona s college plan is too good to be trueRead the original story w/Photo

    10 min ago |

    Hillary Clinton's proposal for making public higher education not just cheaper but free to most Americans sounds good on paper. A few years after the plan's implementation, a family that earns as much as $125,000 annually would not have to pay tuition to send a child to a state-sponsored college or university.


  3. a I feel like I was ripped off!a The Fresh Diet closes without alerting employees, clientsRead the original story w/Photo

    16 min ago | The Miami Herald

    In an abrupt decision, Miami-based The Fresh Diet, a gourmet food delivery service, closed shop Friday without informing most employees and clients, many of whom paid for the service months in advance. The national company had been sold back to founder and Miami food entrepreneur Zalmi Duchman in March.


  4. Aeropostale's Sycamore Rift Goes to Trial as Vote Proceeds 2 hours agoRead the original story w/Photo

    28 min ago | Bloomberg

    A judge said that teen clothing chain Aeropostale Inc. can ask creditors to vote on its reorganization plan while also gearing up for a trial over whether a key creditor drove the company into bankruptcy to snap it up on the cheap. U.S. Bankruptcy Judge Sean Lane in Manhattan said Monday that he's "inclined to approve" the company's disclosure statement, which explains how the plan would work, so creditors can vote on whether to approve it.


  5. Amid Rent Debt, Bankruptcy Firm Seeks Chapter 11 ProtectionRead the original story w/Photo

    39 min ago |

    A western Pennsylvania bankruptcy firm that changed hands in the midst of a now-suspended principal's disciplinary troubles has filed for Chapter 11 bankruptcy.


  6. TriNet to Report Second Quarter 2016 Financial Results on August 1Read the original story

    40 min ago | Customer Interaction Solutions

    TriNet encourages participants to pre-register for the conference call. Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator.


  7. How five-gallon buckets of salsa from Metro Detroit became $231 millionRead the original story w/Photo

    53 min ago | Michigan Radio

    You may not know Dave Zilko's name, but you've probably seen his products in your grocery store. Zilko is the former vice chairman of Garden Fresh Gourmet.


  8. Eagle Ford operator heads into bankruptcyRead the original story w/Photo

    54 min ago |

    Eagle Ford Shale operator Atlas Resource Partners LP said Monday it expects to file Chapter 11 and has entered into a restructuring agreement with its lenders. The Pennsylvania-based Atlas has 22 wells in Atascosa County, as well as operations that include acreage in Oklahoma, North Texas' Barnett Shale gas field and the Marcellus Shale gas field in Pennsylvania.


  9. Appeals court blames founder for Montana cluba s bankruptcyRead the original story

    1 hr ago | The Mecklenburg Times

    A three-judge panel has reversed a lower court's ruling that reduced the damages owed by a former billionaire real estate mogul in the bankruptcy of a Montana resort for the ultrarich. The 9th U.S. Circuit Court of Appeals rejected a previous determination that banking firm Credit Suisse was equally at fault in the 2008 bankruptcy of the Yellowstone Club near Big Sky.


  10. W&T Offshore, Foresight Set Bond Swaps to Ride Out Energy SlumpRead the original story

    1 hr ago | The Washington Post

    W&T Offshore Inc., struggling with dozens of drillers, producers and miners to ride out the energy industry's prolonged slump, offered to give its bondholders a 45 percent stake in the company plus new debt that's allowed to skip cash payments. Owners of W&T's $900 million of 8.5 percent senior notes due 2019 can swap them for as much as 62.1 million shares of common stock, $202.5 million of second-lien notes due 2020 and $180 million of unsecured notes due 2021, the Houston-based oil explorer said Monday in a filing.


  11. articleRead the original story w/Photo

    1 hr ago | Fox News

    Miami-Dade Circuit Judge Teresa Mary Pooler ruled on Monday that since bitcoin is not backed by a nation or bank, and that it can't be "hidden under a mattress like cash and gold bars," it cannot be considered money. The case in question accused a man of selling and laundering $1,500 worth of bitcoin to undercover detectives, who said they wanted to buy stolen credit card numbers, according to the Miami Herald , which reported on the ruling.


  12. Bitcoin Not Money, Fla. Judge Says, Tossing AML ChargesRead the original story w/Photo

    1 hr ago | American Banker

    The decision throws out the anti-money laundering charges against Michell Espinoza, who was arrested after agreeing to sell $30,000 to an undercover detective who declared he would use it in an illegal credit card scheme. Expect banks to pull back on energy lending in the near term, as regulators step up their scrutiny of oil loans and bankers approach the business with a "different attitude," says Mariner Kemper, chairman and chief executive at UMB Financial in Kansas City, Mo.


  13. Kimberly-Clark announces 2Q earnings; sales decrease slightlyRead the original story

    1 hr ago | Fairfield Citizen-News

    Kimberly-Clark, makers of essentials such as Kleenex and Huggies , announced its second quarter financial results on Monday and net sales decreased by about 1 percent over last year. The company announced second quarter net sales of $4.6 billion, a slight decrease from last year that the company said was due in part to foreign currency exchange rates.


  14. New Seabury Closes In On AgreementRead the original story

    1 hr ago | Falmouth Enterprise

    Club members and New Seabury Properties LLC appear close to a resolution in their dispute after reaching an "agreement in principle" during negotiations under the guidance of a judge. "New Seabury Club, The Board of New Seabury Club Members Associates, LLC and the Member Rights Committee are pleased to inform you that we have reached an agreement in principle to settle the litigation initiated in the bankruptcy court by Jerome Hoffman, James Egan, Charles Reidy and Donald Siegel," stated an e-mail issued to club members, sent by the member rights committee.


  15. Judge Says Bitcoin Isn't Really MoneyRead the original story w/Photo

    1 hr ago | PC Magazine

    Miami-Dade Circuit Judge Teresa Mary Pooler ruled on Monday that since bitcoin is not backed by a nation or bank, and that it can't be "hidden under a mattress like cash and gold bars," it cannot be considered money. The case in question accused a man of selling and laundering $1,500 worth of bitcoin to undercover detectives, who said they wanted to buy stolen credit card numbers, according to the Miami Herald , which reported on the ruling.


  16. TI reports 2Q16 financial results and shareholder returnsRead the original story

    1 hr ago | Customer Interaction Solutions

    "Revenue and earnings per share for the quarter were solidly in the upper half of our expected range. Compared with a year ago, demand for our products continued to be strong in the automotive market, and grew in the industrial and communications equipment markets.


  17. Bankrupt coal giant turns to grass in Wyoming to cut liabilitiesRead the original story w/Photo

    1 hr ago | Bangor Daily News

    A view of reclaimed land that is being utilized for cattle grazing is seen in the left of the frame, and a view of untouched land is seen in the right of the frame during a tour of Peabody Energy's North Antelope Rochelle coal mine near Gillette, Wyoming, June 1, 2016. Reclaimed land is land that is brought back to it's pre-mining use.


  18. Time Warner Center Landlord Takes Possession of A Voce After Years of Financial DeclineRead the original story w/Photo

    2 hrs ago | Eater

    The Time Warner Center location of A Voce - once a Michelin starred restaurant and a respected name in the fine dining world - may soon close after years of falling sales, a bankruptcy filing, and a tumultuous legal battle between the restaurant's two high profile owners, according to court documents. The restaurant is co-owned by a subsidiary of Time Warner Center's management company Related Realty and restaurateur Marlon Abela, who acted as the operator via his London-based restaurant company MARC .


  19. Philip Green blamed for BHS collapse in UKRead the original story w/Photo

    2 hrs ago | The Mercury

    Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by British lawmakers says, calling the collapse of the stores group "the unacceptable face of capitalism". Billionaire Green, 64, owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound last year.


  20. Distress in the oil and gas industry: What happened to the price of oil?Read the original story w/Photo

    2 hrs ago | JD Supra

    To the delight of motorists everywhere, the price of oil suddenly halved in the second half of 2014, dropping from over $100 to less than $50 a barrel. It's safe to say no one saw the fall coming: most banks and industry players had been using $70 to $80 a barrel as a severe downside case, so the scale and speed of the fall took the entire market by surprise.